How our tax planning service works

28 May How our tax planning service works

Step 1 – we request details of your expected income and business profits for the 2019 tax year (1 July 2018 to 30 June 2019). This includes all:

  • wages / employment income
  • interest, dividends and rental income received
  • business profits / losses; and
  • any capital gains / losses you expect to make.

Based on this information, we estimate your taxable income and your tax payable before any tax planning strategies. For example, we may calculate (based on your information) that you have a taxable income of $100,000 for 2019. This would result in $26,632 tax and Medicare levy payable.

Step 2 –
We discuss all your tax planning options. Some of these may be things to do in your business and some of these may be investment / wealth creation options.

Step 3 –
We provide you with a report that explains in layman’s terms the tax planning strategies we recommend and exactly how much tax you will save.

Step 4 –
And finally, we provide you with an easy-to-follow action plan to ensure that both you and we can do everything that needs to be actioned before 30 June.

Contact us today to get started!

Don’t wait, now is the time to have a chat to us on 4926 2699.

Forsythes Business and Financial Advisors
  • Peter Hopkins
    Posted at 17:51h, 02 June Reply

    Did you mean 2018 or 2019 in Step 1? Perhaps correct if wrong year.

    • Forsythes Business and Financial Advisors
      Posted at 08:41h, 03 June Reply

      Oops! Thanks for picking that up, Peter.

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